2015-09-18

MoE Certified English Language School Across from Thammasat University

Listing No. 66-0771

• Business: English Language School. This business is certified by the Ministry of Education and is TAX FREE

• Location: Pathum Thani, Thailand. Directly across from Thammasat Rangsit University. Less than 5 minutes from Bangkok University Rangsit and 15 minutes from Future Park Mall.

• Building: One level (second floor), brand new English school (could be used to teach/tutor any subject) with 2 large classrooms each with seating for 18-24 students, private restroom, large storage room and reception area

Size: 101m2 (exceeds MoE requirements)

• Features: This is a well-established (tax free) 100% turn key business. The school has custom furniture, imported wallpaper, glass white boards, solid wood doors with stained glass, air conditioned classroom, reception, and waiting areas, and an exclusive agreement forbidding competitors to open any business that offers the same or significantly similar business in the complex. The school is pre-wired for computer network and internet security cameras. All study and reference books, curriculum and marketing materials are already in place.

• Students: The School provides a complete English education including general English, reading, writing, conversation, and test preparation courses for TOEIC, IELTS, and TOEFL exams in a homey, comfortable, environment with air conditioned classrooms

• Options: The owner of this school also owns two more schools in Thailand. All three are being offered for sale and rent. If you require more information about the other two schools, or how they may be purchased as a package, please contact us. The current owner will assist with transitioning this business, but has no intention to enter into a partnership with a potential new buyer.

• Tenure: Leasehold, 12 months renewable

• Staff: The current owner is the working director and teacher

• Licenses and Certification: Ministry of Education (MoE) licensed. It is very important for potential buyers to understand that MoE certification is very significant because it’s incredibly time consuming, expensive, and not easy or guaranteed to obtain. This is what makes this school (and the others offered for sale by the same owner) a legal business, able to be called a ‘school’ and provides the tax benefit. The word ‘school’ cannot be used as part of a business name without MoE licensing.

• Furniture and Equipment: Included in the price, along with marketing

• Online: Current website, owner will transfer ownership to the new owner if required. Face Book page , owner will assign ADMIN rights to new owner if required

• Rent: 6,000 baht a month

• Utilities: About 300 baht a month

• Car Parking: Car parking at the front and around the building

• Business Operational: No, students are being taught in the owners other school nearby

• Reason for Selling: To pursue other business interests

• Asking Price: 1.1 million baht

• Price Negotiable: Yes, near offers will be considered

• Security Deposit: 12,000 baht paid at the time of settlement to the Landlord. Subject to compliance with the rental agreement, refundable upon termination of lease agreement

• Key Money: N/A

• Sale Terms: 30% deposit and balance within 30 days

• More Information: Further details will only be provided after inspection

• Inspections: 24 hours’ notice is required to inspect this business. Inspection times are generally between 1000 and 1700 Monday to Friday, and Saturday between 1000 and 1300. There may be scope for more liberal inspection times to suit genuine buyers, please ask.

• Agents: No Agent inquiries please

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